Wells Fargo & Company Securities Litigation (2020)

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Lawsuit Overview

Defendant:Wells Fargo & Company
Date Filed:October 30th, 2020
Sector:Finance
Industry:Major Banks
Class Start Date:October 13th, 2017
Class End Date:October 13th, 2020

According to the Complaint, Wells Fargo & Company is a financial services and bank holding company headquartered in San Francisco, California.

The Complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Wells Fargo's business and operations. Specifically, the Complaint alleges that during the Class Period, Defendants misrepresented the value of the Company's business and prospects by concealing the significant defects in its underwriting and due diligence practices and deficiencies in its commercial credit portfolio and related securitized assets.

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First Identified Complaint

Steven A. Mullen, et al. v. Wells Fargo & Company, et al.

Date Filed:October 30th, 2020
Class Period Start:October 13th, 2017
Class Period End:October 13th, 2020
First Identified Complaint Filings
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